Question: Check my work M5-14 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3] Handy's Hats makes the world's best hats. Information for the last eight

Check my work M5-14 (Algo) Estimating Cost Behavior Using High-Low Method

Check my work M5-14 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3] Handy's Hats makes the world's best hats. Information for the last eight months follows: Number of Hats Produced 4,550 3,100 2,500 Month January February March April May June July August Total Cost $5,800 4,750 4,100 6,025 7,555 8,475 6,909 9,455 4,700 6,300 7,250 5,500 8,450 Using the high-low method, calculate the total fixed cost per month and the variable cost per hat. (Round your "Variable Cost per Unit" answer to 3 decimal places.) Variable Cost per Unit Fixed Cost

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